Russell 3000 Options Market Update: Notable Trading Patterns in ETSY, DOCN, and RDNT

The options markets are displaying significant activity today across select Russell 3000 components. Here’s an analysis of three equities commanding investor attention through their derivatives trading:

Etsy Inc (ETSY) Leads Volume Surge

Etsy options have captured substantial market interest with 18,514 contracts exchanged today, translating to approximately 1.9 million shares of underlying equity. This represents a commanding 61.1% of ETSY’s typical daily volume baseline of 3.0 million shares recorded over the past month.

The most concentrated positioning appears in the $57 strike call options expiring January 02, 2026, which alone accounted for 3,100 contracts—roughly 310,000 underlying shares. This concentration suggests meaningful institutional or strategic trader interest at that particular price level. The twelve-month trading charts indicate this strike has maintained relevance throughout ETSY’s recent price trajectory.

DigitalOcean Holdings (DOCN) Shows Focused Call Activity

DigitalOcean options recorded 10,519 total contracts today, representing approximately 1.1 million underlying shares—equivalent to 65% of DOCN’s average daily equity volume of 1.6 million shares for the preceding month.

The activity centers heavily on the $50 strike call options maturing February 20, 2026, which generated 8,754 contracts (approximately 875,400 underlying shares). This substantial concentration in a single strike-expiration combination indicates strong directional positioning among options traders, with the $50 level functioning as a key technical or strategic reference point visible in DOCN’s twelve-month trading history.

RadNet Inc (RDNT) Displays Defensive Put Interest

RadNet options trading totaled 6,044 contracts, representing approximately 604,400 underlying shares—57.2% of RDNT’s recent average daily volume of 1.1 million shares.

Notable here is the defensive positioning: the $70 strike put options expiring January 16, 2026 accounted for 6,001 contracts (approximately 600,100 underlying shares), suggesting investors are hedging downside risk or establishing protective positions at that strike level. This put concentration contrasts with the call-heavy activity observed in ETSY and DOCN, reflecting different market sentiment toward RDNT.

Key Takeaway

Across these three Russell 3000 constituents, options volume represents 57-65% of each equity’s standard daily volume, indicating heightened derivatives market engagement. Whether driven by hedging, speculation, or strategic positioning, today’s concentrated strike activity warrants monitoring for potential price movement catalyst around these key levels.

For detailed options chains and additional expiration analysis on DOCN, ETSY, RDNT, or other equities, comprehensive data resources track real-time strike activity and implied volatility metrics across multiple expiration periods.